The Mortgage Selection Bureau Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04318409 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2019

FOR

THE MORTGAGE SELECTION BUREAU LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K I Finley

Mr P A Thomas

REGISTERED OFFICE:

Apple Tree Cottage

5 Churchfields Road

Bromsgrove

B61 8EB

REGISTERED NUMBER:

04318409 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

909

1,213

CURRENT ASSETS

Cash at bank and in hand

26,405

16,429

CREDITORS

Amounts falling due within one year

5

7,348

17,560

NET CURRENT ASSETS/(LIABILITIES)

19,057

(1,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,966

82

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

19,866

(18

)

SHAREHOLDERS' FUNDS

19,966

82

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28th February 2020 and were signed on its behalf by:

Mrs K I Finley - Director

1.	STATUTORY INFORMATION

The Mortgage Selection Bureau Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st June 2018

and 31st May 2019

9,564

13,053

22,617

DEPRECIATION

At 1st June 2018

9,245

12,159

21,404

Charge for year

224

80

304

At 31st May 2019

9,469

12,239

21,708

NET BOOK VALUE

At 31st May 2019

95

814

909

At 31st May 2018

319

894

1,213

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

(Unaudited)

£

£

Tax

5,936

13,000

Net wages

-

1,560

Directors' loan accounts

312

-

Accrued expenses

1,100

3,000

7,348

17,560

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Share capital 1

1

100

100